Product Offerings
Product
Offerings
Product
Offerings
Joint Liability group (JLG)
Joint Liability Group consists of 6-20 people of same village/locality of homogenous nature and of same socio economic background who mutually come together to form a group for the purpose of availing loan from a bank without any collateral.
Loan Size
₹12000 to ₹36000
₹12000 to ₹42000
₹12000 to ₹48000
₹12000 to ₹54000
₹12000 to ₹60000
Rate of interest 24%
Tenure
- Tenure: 12/18/24/36 Months
- All products above Rs.33000 will have tenure of 24 months and above.
Insurance
- Insurance of Borrower and Co-Borrower
- Premium Rs. 5 per Rs. 1000 of loan amount for tenure of 12 month
- Premium Rs.10 per Rs. 1000 of loan amount for tenure of 24 months
Processing Fee
- Zero processing fee for loans up to Rs.24000.
- Processing Fee: 1% of the loan amount for Rs. 27,000 & above (+GST).
